Filing Flows › PAR Pacific Holdings (PARR) › Q2 2025
PAR Pacific Holdings (PARR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
PAR Pacific Holdings (PARR) reported revenue of $1.9B for the second quarter 2025 (Q2 2025), -6% from a year earlier and +9% from the quarter before. Operating margin was 5.1%, net earnings $59.5M (3.1% of revenue).
PAR Pacific Holdings, Q2 2025: revenue $1.9B (-6% year over year), operating margin 5.1%, net earnings $59.5M, operating cash flow $134M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.9B | +9% | -6% |
| Operating profit | $96.8M | — | +99% |
| Net earnings | $59.5M | — | +219% |
| Operating cash flow | $134M | — | — |
| Free cash flow | $85.5M | — | — |
What changed
Revenue was $1.9B in Q2 2025, down 6% year over year and up 9% from the previous quarter. Fuel revenue was the largest line at 97% of revenue. Fuel revenue lost $0.12B year over year (down 6%), 100% of the total change.
Operating profit was $0.10B, a 5.1% margin (up 2.7 points year over year). Total costs fell 9% while revenue fell 6%. Net earnings were $0.06B, up 219% year over year. The effective tax rate was 22.1%.
Operating cash flow was $0.13B, 225% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $4.5M of share-based compensation. Working capital and other items added $0.03B. Capital expenditures of $0.05B left free cash flow of $0.09B.
Questions
What was PAR Pacific Holdings' revenue in the second quarter 2025?
PAR Pacific Holdings (PARR) reported revenue of $1.9B for the second quarter 2025 (Q2 2025), -6% from a year earlier and +9% from the quarter before.
Was PAR Pacific Holdings profitable in the second quarter 2025?
Operating profit was $96.8M (5.1% of revenue) and net earnings $59.5M.